Overview
What is Carrier-Ila Container Royalty Fund No 5?
Carrier-Ila Container Royalty Fund No 5 is a nonprofit organization based in Lyndhurst, New Jersey, with the address 125 Chubb Avenue 350NB. Its primary mission involves providing financial assistance to the Joint Management ILA Employee Benefit Plans (excluding pension plans) in local ports or districts. By offering this support, the fund aims to enhance the capabilities and stability of these benefit plans, ultimately benefiting the individuals and communities associated with them.
Is Carrier-Ila Container Royalty Fund No 5 legitimate?
Carrier-Ila Container Royalty Fund No 5 is a legitimate nonprofit organization registered as a 501(c)(9) entity. Carrier-Ila Container Royalty Fund No 5 submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Carrier-Ila Container Royalty Fund No 5?
Carrier-Ila Container Royalty Fund No 5 supports the financial well-being of ILA employee benefit plans, excluding pensions, in local ports and districts. Its mission is to offer financial assistance to these plans, enhancing their capabilities and resources. By doing so, the fund aims to improve the overall benefits package available to ILA employees, ensuring their financial security and well-being. The fund's activities are focused on providing substantial assistance to these benefit plans to help them thrive and better serve their members.
Who is the CEO of Carrier-Ila Container Royalty Fund No 5?
Mr Anthony Dalonges is the Co-Chair of Carrier-Ila Container Royalty Fund No 5.
What is the revenue of Carrier-Ila Container Royalty Fund No 5?
Carrier-Ila Container Royalty Fund No 5's revenue in 2022 was $91,721,636.
Who are the executives of Carrier-Ila Container Royalty Fund No 5 and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Carrier-Ila Container Royalty Fund No 5?
Carrier-Ila Container Royalty Fund No 5's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carrier-Ila Container Royalty Fund No 5
Carrier-Ila Container Royalty Fund No 5 is a mission-driven organization that extends financial assistance to Joint Management ILA Employee Benefit Plans, specifically those that do not involve pensions, in local ports and districts. The Fund's primary goal is to provide vital support to these employee benefit plans, ensuring their financial stability and enabling them to effectively serve their members.
By offering financial assistance, Carrier-Ila Container Royalty Fund No 5 plays a crucial role in enhancing the welfare of the workforce in the maritime industry. The Fund's contributions extend beyond pension plans, focusing on other essential benefits that contribute to the overall well-being of the employees. These benefits may include, but are not limited to, health insurance, disability coverage, and other forms of compensation that are vital to the livelihood and security of the workers and their families.
The impact of the Carrier-Ila Container Royalty Fund No 5 reaches far beyond individual employees, as the financial stability of these employee benefit plans is instrumental in maintaining a strong and productive workforce. A healthy and content workforce contributes significantly to the efficiency and success of port operations, ultimately benefiting the entire maritime industry. The Fund's commitment to providing financial assistance allows these employee benefit plans to focus on their core mission: supporting and protecting the well-being of their members, ensuring they have access to the resources and benefits they need to thrive.
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Impact
October, 2024
Carrier-Ila Container Royalty Fund No 5 significantly impacts local ports and districts by providing crucial financial assistance to the Joint Management ILA Employee Benefit Plans. This support enhances benefits for employees, excluding pension plans, helping to ensure the well-being of workers in various maritime sectors. By bolstering these benefit plans, the fund plays a vital role in improving overall employee welfare, promoting job satisfaction, and fostering a stable workforce. Its focus on local port associations helps strengthen community ties and contributes to the economic health of the maritime industry in those regions.
This information is meant to be a general summary of Carrier-Ila Container Royalty Fund No 5. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,416,148
- Program Service Revenue: $90,242,301
- Gross Receipts: $93,374,953
Assets and Liabilities:
- Total Assets: $215,921,489
- Total Liabilities: $63,643,535
- Net Assets: $152,277,954
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$90,242,301
Organization Details
Founding Year
2009
Phone
(732) 404-3101Principal Officer
Mr Anthony Dalonges
Main Address
125 CHUBB AVENUE 350NB, LYNDHURST, NJ, 07071
NTEE Category
Code: Y43 - Mutual benefit
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